Pranik Logistics Limited has reported a 52% increase in total income to ₹161 crore for the financial year ended March 31, 2026, compared to ₹106 crore in the previous year. The company's profit after tax (PAT) rose to ₹7.03 crore from ₹6.44 crore in the prior year, while earnings per share (EPS) improved to ₹6.39 from ₹5.85. The disclosure was made via an earnings conference call transcript uploaded on May 23, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Pranav Kumar Sonthalia, Managing Director, attributed the growth in revenue to increased business volume, though profit growth was moderated by a significant rise in depreciation expenses. Depreciation for the year stood at ₹4.97 crore, up from ₹2.80 crore in the previous year, due to the adoption of the Written Down Value (WDV) method and the addition of new vehicles to the fleet. The company is evaluating a change in accounting policy to the Straight Line Method (SLM) to provide better clarity on depreciation figures.

Financial Performance

The company's profit before tax (PBT) for FY26 was ₹9.40 crore, compared to ₹8.61 crore in the previous year. Management noted that while revenue increased substantially, a proportionate increase in PAT was not expected due to the nature of the B2B logistics business, where volumetric growth often involves negotiated pricing.

Operational Updates

Pranik Logistics expanded its operational capacity during the year. The company currently owns approximately 150 vehicles, with an additional 600 plus vehicles operating on a contractual basis. The utilization rate for owned vehicles is reported to be close to 98.7%. In terms of warehousing, the company manages roughly 17 lakh square feet of space across 40 hubs, operating at 100% utilization. The company follows a policy of leasing warehouses only after securing revenue for the site.

Future Outlook

Management indicated that the company is not planning to raise equity in the near term to manage leverage, despite an increase in debt levels driven by asset purchases and working capital requirements. The company aims to achieve a revenue target of ₹500 crore by 2030 and is in discussions for long-term vehicle leasing agreements to support fleet expansion. Additionally, the company has added a manpower provision service to its logistics umbrella, expected to yield margins of around 5%.

Pranik Logistics Limited reported its audited standalone financial results for the quarter, half-year, and year ended 31st March, 2026, following a Board of Directors meeting held on 15th May, 2026. The company recorded a 52.4% year-on-year increase in revenue from operations, which rose to Rs. 15,972.92 lacs from Rs. 10,475.59 lacs in the previous year. Total income for the year stood at Rs. 16,188.01 lacs, compared to Rs. 10,604.47 lacs in the prior year. Net profit for the period increased to Rs. 703.92 lacs from Rs. 644.42 lacs. The statutory auditors, M/s A. John Moris & Co., issued an unmodified opinion on the results. The company is listed on the SME Platform of NSE Emerge and has prepared its financial results in accordance with the Accounting Standards prescribed under IGAAP, as it is exempt from mandatory adoption of Indian Accounting Standards (Ind AS).

Full-Year and Quarterly Financial Performance

The company's profitability improved alongside strong revenue growth. Profit Before Tax (PBT) for the year ended 31st March, 2026, was Rs. 940.26 lacs, up from Rs. 861.20 lacs in the previous year. Total expenses for the year rose to Rs. 15,247.74 lacs from Rs. 9,743.27 lacs, driven by higher employee benefits expense of Rs. 2,851.68 lacs and other expenses of Rs. 11,619.06 lacs. Basic and Diluted Earnings Per Share (EPS) for the year increased to Rs. 6.39 from Rs. 5.85 in the prior year. For the quarter ended 31st March, 2026, revenue from operations was Rs. 4,571.35 lacs, compared to Rs. 3,015.47 lacs in the corresponding quarter of the previous year, while net profit for the quarter stood at Rs. 202.74 lacs versus Rs. 201.70 lacs in the same period last year.

The following table summarises the key annual financial metrics:

Balance Sheet and Cash Flow

As of 31st March, 2026, total assets stood at Rs. 9,589.00 lacs, a significant increase from Rs. 6,231.76 lacs in the previous year. Shareholders' funds grew to Rs. 4,491.53 lacs from Rs. 3,787.61 lacs, comprising share capital of Rs. 1,101.02 lacs and reserves and surplus of Rs. 3,390.51 lacs. Trade receivables rose to Rs. 5,454.09 lacs from Rs. 3,032.64 lacs, while short-term borrowings increased substantially to Rs. 3,843.42 lacs from Rs. 1,598.55 lacs. On the cash flow front, net cash flow from operating activities was Rs. 1,654.75 lacs for the year, compared to a net outflow of Rs. (1,178.45) lacs in the prior year. Net cash used in investing activities was Rs. (1,568.14) lacs, and net cash used in financing activities was Rs. (91.98) lacs. Cash and cash equivalents at the end of the year were Rs. 21.06 lacs.

Board Decisions and Strategic Updates

In addition to approving the financial results, the board took several key decisions at its meeting. The board approved the re-appointment of Mr. Abhijit Majumder, Vice President – Operations, as Internal Auditor of the company for the financial year 2025-26, for a term of one year commencing from 1st April 2026 to 31st March 2027. Majumder is a Commerce graduate from the University of Calcutta with over 21 years of experience in the logistics industry. The board also approved a proposal to alter the Objects Clause of the Memorandum of Association (MOA) to enable the company to undertake the business of manpower supply and staffing services in India and abroad, covering manpower recruitment, staffing, outsourcing, payroll management, human resource services, and allied workforce management solutions across sectors including logistics, transportation, warehousing, and manufacturing. This proposed amendment is subject to shareholder approval at the ensuing Annual General Meeting and other necessary statutory approvals.

IPO Proceeds and Regulatory Disclosure

The company disclosed that Rs. 2.20 Crores of IPO proceeds earmarked for capital expenditure (CAPEX) were physically utilised for the intended objects as of 31st March, 2026. To optimise treasury returns and prevent loss of interest, the company utilised internal accruals to bridge-fund the expenditure, while the earmarked funds remain parked in Fixed Deposits. These funds are scheduled to be reimbursed to the company's treasury upon maturity on 30th September, 2026. The Monitoring Agency has noted this as a deviation in the mode of funding in its report. The auditors confirmed that their opinion is not modified in respect of this matter. The audited financial results are available on the company's website at www.pranikgroup.com and on the NSE Limited website at www.nseindia.com .